BNP Paribas Arbitrage SA boosted its holdings in shares of Universal Corporation (NYSE:UVV) by 59.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,405 shares of the company’s stock after purchasing an additional 3,874 shares during the period. BNP Paribas Arbitrage SA’s holdings in Universal Corporation were worth $673,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hartford Investment Management Co. bought a new position in shares of Universal Corporation in the 2nd quarter valued at $232,000. Bowling Portfolio Management LLC bought a new position in shares of Universal Corporation in the 2nd quarter valued at $1,504,000. Great West Life Assurance Co. Can lifted its stake in shares of Universal Corporation by 2.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock valued at $2,359,000 after acquiring an additional 750 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Universal Corporation by 9.1% in the 2nd quarter. Bessemer Group Inc. now owns 32,300 shares of the company’s stock valued at $2,090,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Benedict Financial Advisors Inc. lifted its stake in shares of Universal Corporation by 4.6% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 18,212 shares of the company’s stock valued at $1,170,000 after acquiring an additional 798 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub upgraded Universal Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. TheStreet cut Universal Corporation from an “a” rating to a “c+” rating in a research note on Tuesday, May 23rd.
In other news, VP Preston Douglas Wigner sold 1,000 shares of Universal Corporation stock in a transaction on Friday, June 16th. The shares were sold at an average price of $65.75, for a total transaction of $65,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David C. Moore sold 6,335 shares of Universal Corporation stock in a transaction on Monday, June 19th. The stock was sold at an average price of $66.61, for a total transaction of $421,974.35. The disclosure for this sale can be found here. Insiders have sold a total of 11,053 shares of company stock valued at $704,731 over the last ninety days. 2.30% of the stock is currently owned by insiders.
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Universal Corporation (NYSE UVV) opened at 57.55 on Tuesday. The stock has a 50 day moving average price of $58.98 and a 200-day moving average price of $66.13. The company has a market capitalization of $1.46 billion, a PE ratio of 41.95 and a beta of 1.43. Universal Corporation has a 52 week low of $52.40 and a 52 week high of $83.35.
Universal Corporation (NYSE:UVV) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.14 earnings per share (EPS) for the quarter. Universal Corporation had a net margin of 5.60% and a return on equity of 14.36%. The company had revenue of $284.62 million during the quarter. On average, equities analysts predict that Universal Corporation will post $3.70 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, October 6th. Universal Corporation’s dividend payout ratio is currently 163.64%.
Universal Corporation Profile
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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